Vietnam's Viettel Eying Expansion into Tanzania and Myanmar
Published on: 2nd Jan 2014
By: Ian Mansfield
Vietnam's military owned mobile network operator Viettel is eying up further overseas expansion to add to the seven countries where it already holds operating licenses.
The company is said to be seeking investment opportunities in Tanzania and Myanmar it is looks to decrease its dependence on the fiercely competitive home market.
An unnamed source told Vietnamnet that the company has applied for a mobile operator license in Tanzania. It already has a license in neighbouring Mozambique.
The company is also eying opportunities in Mynamar, although it lost out in last year's bidding for one of the two mobile network licenses.
The company currently has networks in Timor Leste, Cambodia Mozambique, Laos and Haiti, and also holds licenses in Cameroon and Peru.
Viettel is trying to tap three new markets every year, targeting to make overseas revenue account for 20-30% of total revenue of the group in 2020, the company's deputy general director, Le Dang Dung said.
On the web: Vietnamnet